Single Best Idea with Tom Keene: Andreas Utermann & Patrick Murphy - podcast episode cover

Single Best Idea with Tom Keene: Andreas Utermann & Patrick Murphy

Mar 10, 20263 min
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Episode description

Tom Keene breaks down the Single Best Idea from the latest edition of Bloomberg Surveillance Radio. 

In this episode, we feature our conversations with Vontobel’s Chairman of the Board Andreas Utermann & Patrick Murphy, former Under Secretary of the US Army and Executive Director of Geopolitical Advisory at Hilco Global.

Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF

See omnystudio.com/listener for privacy information.

Transcript

Speaker 1

Bloomberg Audio Studios, podcasts, radio news.

Speaker 2

Single best idea the news slog continues. It's just absolutely extraordinary. It's on a daily basis. It's exhausting. The way we do this is an incredible team, starting with one tours booking all the guests, saying that people know, I'm sorry we have to cancel to other people where we can book all sorts of quality voices, and you'll hear that across the coming days of his war in the market reaction that we see to it. What a joy today to have Edward Yordnny with us to reaffirm his optimism

on the markets. But we did do a lot of war coverage. Andreas Uderman is chairman of the board of a toe Belle, hugely experienced within Continental Europe Dynamics. Andrea Utdterman on the unknown unknowns.

Speaker 3

I'm not smart enough to know the unknown unknowns, but what i can tell you is I'm slightly less concerned than I was, and I was concerned in two thousand and seven, eight and nine, because ultimately the transmission mechanism of this going wrong initially is going to be probably consumers savers and not systemically into the banking system. Now,

as you say there might be unknown unknowns. I mean, you know, one of our competitors in Switzerland had loans on the balance sheet nobody knew about, and so that was an unknown and who knows what banks have done that nobody knows about. But right now there's no evidence of that.

Speaker 2

Too short a conversation with Andreas Uderin this morning that was into the press conference. Thanks to our Washington team for all their assistants and the Pentagon briefing of the Secretary of Defense and the Chairman of the Joint Chiefs of Staff. We got a briefing of huge quality from the former Undersecretary of the Army. He has had public service in the eighth Congressional District of Pennsylvania, Patrick Murphy.

Speaker 4

Of hillco On the moment, great generals like General Colin Powell is one of my role models who I get to know. We followed after Vietnam what's called the Powell doctrine, where you have a clear mission, you use overwhelming forced accomplishment mission, and you have a clear extra strategy. There is no extra strategy here. The mission is yep, let's decimate the Iranian ballistic missiles, etc. I get it, but you can't necessarily do that with just air power.

Speaker 2

Patrick Murphy, with a Service to the Nation in Iraq in the United States Army on podcasts on Apple, on Spotify, on YouTube podcasts. It's single best idea

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